Who is eligible for personal loan?
You need to be a residing citizen of India. You should be aged between 21 years and 67 years* You need to be employed with a private, public limited company, or an MNC. You should have a minimum CIBIL score of 750.
Broadly, banks and NBFCs would offer personal loans up to Rs 150,000 for those with salary of less than Rs 15,000 per month. However, some lenders may offer even higher amount based on some factors, including other sources of income such as rent etc.30-Oct-2022
Can I get loan for 20000 salary?
How much personal loan can I get on a ₹20000 salary? According to the Multiplier method, on a salary of ₹20000, you will be eligible for ₹5.40 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹4.08 lakhs.13-Sept-2021
16,000 will qualify with certain lenders, some may not approve your loan application especially if you live in metro cities. You need to check with the respective lender about the details. The loan amount is purely decided by the lender based on your eligibility and credit profile.25-Feb-2020
Which Bank gives instant personal loan?
Top Instant Personal Loans from Banks
HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it. Lower interest rates: Interest rates on Personal Loans are lower than other sources.
What is the EMI for 1.5 lakhs personal loan?
Calculated Monthly EMI for 1.5 lakh of loan amount for 3 years at various rate of Interest :
Most banks stipulate a minimum monthly salary of INR 15,000 – INR 20,000 for individuals to get a personal loan. However, those earning less than INR 15,000 can also get the loan.
Can I get loan with salary of 10000?
Your salary is a major factor that determines your loan eligibility. Most lenders do not entertain candidates with income less than Rs. 10,000. However, the chances are not completely ruled out.17-Jun-2019
Fullerton India Personal Loan Eligibility 2022
How much loan can HDFC Bank give?
HDFC Bank offers loan amounts upto Rs. 40 lac, for a tenure ranging between 12 and 60 months, with EMI as low as Rs. 1878 per lac. How do I apply for a Personal Loan?
For instance, if your take-home salary is Rs. 25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)
Can I get personal loan with 13000 salary?
Your minimum and maximum age limit must be 21 and 58 years respectively to apply for personal loan. Your minimum net monthly salary must be Rs. 13,000 per month and above.
Yes Bank Personal Loan Eligibility 2022
Can I get personal loan on 14000 salary?
What is the minimum salary required to get a personal loan? The minimum salary fixed by most lenders is Rs. 20,000 while a few private-sector lenders may give you a personal loan even with a salary of Rs. 15,000.
It's possible to get a loan and have the funds in hand the same day you apply — under certain circumstances. Some online lenders offer same-day loans, and you may even be able check your rates without impacting your credit scores by applying for prequalification.
How to get instant loan in 5 minutes?
Required mandatory documents to get instant loan approval in less than 5 mins
Hero FinCorp Instant Personal Loan enables paperless documentation without any salary slip or bank statement. The only documents required are an Aadhar card and a PAN card for E-KYC verification.
What are 7 types of loans?
The lender decides a fixed rate of interest that you must pay on the money you borrow, along with the principal amount borrowed.Types of secured loans
Top Personal Loan Plans of 2022: Brief Analysis
Is it possible to get loan without job?
You can get a loan against your future income if it's in the form of rent receivables. Rent receivables will be your saviour during a financial crunch and can help you get a loan. However, your property must be approved by the local government authorities.
Who is eligible for personal loan?